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East Timor
This report provides an overview of the economic and institutional developments in East Timor up to September 1999 and the immediate impact of the violent events that followed the August 30, 1999 referendum to decide East Timor's future status. The report presents the key elements of the strategy recommended by IMF staff to the United Nations Transitional Administration in East Timor (UNTAET) to rebuild the institutions needed to support economic activity and public administration, including external financing requirements, technical assistance, and macroeconomic management training needs. Finally, the report assesses implementation of the strategy and discusses the steps that should be taken to ensure that the strategy will help East Timor to prepare to face future challenges.
Macroeconomic Developments in the Baltics, Russia, and Other Countries of the Former Soviet Union, 1992-97
This paper discusses the significant overall progress with macro stabilization of these transition countries during 1992-1997. While average inflation declined steadily since 1992, output fell significantly for many of these countries during this period, and it was not unti 1996-97 that as a group they experienced positive growth, financial policies, the current account, competitiveness, debt-and non-debt-creating capital flows, and the initial impact of the Asian crisis.
Southeast Asian Affairs 2002
This book is divided into two broad categories. There are those which provide an analysis of major developments during 2001 in individual Southeast Asian countries and in the region generally. Then there are the theme articles of a more specialized nature which deal with topical problems of concern. This volume contains twenty articles, dealing with such major themes as international conflict and co-operation, political stability, and economic growth and development.
New York Court of Appeals. Records and Briefs.
Volume contains: 218 NY 660 (Reilly v. Steinhart) 218 NY 652 (Ritts v. Buffalo & Williamsville Electric Rwy. Co.) 218 NY 664 (Schaffer v. Miller)
Foreign Aid and Consumption Smoothing
Global food aid is considered a critical consumption smoothing mechanism in many countries. However, its record of stabilizing consumption has been mixed. This paper examines the cyclical properties of food aid with respect to food availability in recipient countries, with a view to assessing its impact on consumption in some 150 developing countries and transition economies, covering 1970 to 2000. The results show that global food aid has been allocated to countries most in need. Food aid has also been countercyclical within countries with the greatest need. However, for most countries, food aid is not countercyclical. The amount of food aid provided is also insufficient to mitigate contemporaneous shortfalls in consumption. The results are robust to various specifications and filtering techniques and have important implications for macroeconomic and fiscal management.
Peru
This paper discusses key findings of the Third Review for Peru and Inflation Consultation Under the Stand-By Arrangement. All performance criteria for end-December 2007 and end-March 2008 were observed, but inflation in March exceeded the upper limit of the program’s consultation band around the official inflation target range. The end-March structural benchmark was observed and progress has been made on end-June benchmarks. The outlook for 2008 remains favorable, with the economy continuing its strong momentum, as downside global risks are buffered by improvements in fundamentals and prudent policies.
Port of Mobile
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Banking Soundness and Monetary Policy
Banking sector problems have affected many IMF member countries, and measures to remedy these problems as well as to prevent their recurrence deeply concern central bankers and policymakers. the papers and comments published in this volume and edited by Charles Enoch and John H. Green were presented at the Seventh Seminar on Central Banking sponsored by the IMF. The topics discussed include banking soundness and the macroeconomy, prudential standards, the role of the central bank during problems of banking soundness, and bank restructuring.
